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"In the past two years, the Governor's Business Council has discussed a wide range of issues which have an impact on the economy and the conduct of business in Hong Kong, including inflation, competition, labour shortage, retirement protection, the renewal of China's Most Favoured Nation status in the United States, the economic implications of the outcome of the Uruguay Round of multilateral trade negotiations, corruption and business ethics and land supply, planning and redevelopment procedures," a Government spokesman said,
"The candid views offered by members of the council have been very helpful in enabling the Governor and senior officials represented on the council to appreciate the business sector's perspectives on all these issues," he said.
"Specific issues that the council's input has been sought and taken into account include the Government's decision, in respect of competition policy, to ask the Consumer Council to undertake a series of studies on specific sectors of the economy; the strengthening of the Consumer Council so that it can take on a more vigorous role in promoting competition and consumer welfare; the institution of 24-hour border road crossing arrangements at Lok Ma Chau and the development of codes of ethics for the business community," he added.
The reappointed members are Mr Christopher Cheng Wai-chee, Mr Paul Cheng Ming-fun, Mr Michael J Clancy, Dr Victor Fung Kwok-king, Mr John M Gray, Mr Walter Kwok Ping-sheung, Mr Charles Lee Yeh-kwong, Sir Quo Wei Lee, Mr Victor Li Tzar- kuoi, Mr Vincent Lo Hong-sui, Mr Peter DA Sutch, Mr Allan Wong Chi-yun, Mr David Wong Shou-yeu, Mr Peter Woo Kwong-ching, Mr Gordon Wu Ying-sheng and Mr Larry Yung Chi-kin.
The four newly appointed members are Dr Edgar Cheng Wai-kin, Mr Linus Cheung Wing-lam, Mr Alasdair G Morrison and Mr Louis Wong Kar- chit.
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The Chief Secretary, Financial Secretary and Secretary for Trade and Industry are official members of the council.
End/Wednesday, December 14, 1994